Bought with Kidder Mathews
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Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Leschi
MLS Listing ID 2168993
Sold Date 11/17/23
Style 54 - 4-Plex
Year Built 1901
Annual Tax Amount $11,212
Lot Size 6,000 Sqft
Lot Dimensions 6000
Property Description
Terrace Apartments is a 4-unit apartment building in the sought-after neighborhood of Leschi. It presents an excellent value-add opportunity with massive units averaging 989 SF and underwent a comprehensive remodel of its systems in 1984. The property allows for owner occupancy and immediate renovation of one unit. Current rents are well below market. The 2-2x2 are two levels and have amazing views of Mt Rainier & Lake WA. Located on a corner quiet lot makes it ideal for tenants or owners to live. It's ideal location is highlighted by its proximity to Leschi Park (a 13-minute walk), Madrona Park (0.8 miles away), easy access to I-90 for quick commutes to the Eastside or Downtown Seattle. An amazing property in an incredible neighborhood!
Location
State WA
County King
Area 390 - Central Seattle
Interior
Interior Features Laminate Tile
Flooring Engineered Hardwood, Laminate
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Deck, Fenced-Partially, Patio, Shop
View Y/N Yes
View City, Lake, Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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